📉 🔻
🔹 Asset: Amkor Technology, Inc. (AMKR – NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Wedge Breakdown + Retest Rejection
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $14.90 (Confirmed Breakdown)
✅ Stop-Loss (SL): Above $15.74 (White resistance zone)
🎯 Take Profit Targets:
📌 TP1: $14.00 (psychological level + previous support)
📌 TP2: $13.69 (breakdown structure)
📌 TP3: $12.48 (major support level)
📐 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$15.74 - $14.90 = $0.84 risk per share
📈 Reward to TP2:
$14.90 - $13.69 = $1.21 → R/R = 1:1.44
📈 Reward to TP3:
$14.90 - $12.48 = $2.42 → R/R = 1:2.88
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Bearish structure broken with weak bounce back
📌 Trendline Retest Rejected: Price failed to reclaim wedge support
📌 Bearish Volume Confirmation: No strong buying after breakdown
📌 Downside Open: Clear path toward lower support levels
📉 Trade Execution & Risk Management
📊 Entry Confirmation: Weak price action below $14.90
📉 Trailing Stop Strategy: Move SL to breakeven after TP1 hits
💰 Partial Profit Booking:
✔ Book 50% profits at $13.69
✔ Let rest ride to $12.48
✔ Adjust SL to entry after TP1
⚠️ Setup Invalidation
❌ Price reclaims and closes above $15.74
❌ Strong bullish reversal candle with high volume
❌ Sustained consolidation above yellow zone
🚨 Final Thoughts
✔ Clean bearish wedge pattern with trendline break
✔ Ideal for momentum traders seeking continuation plays
✔ Excellent R/R for disciplined risk managers
💡 Stick to the setup, don’t chase, manage your trade like a pro.
🔗 #AMKR #NASDAQ #BearishSetup #ProfittoPath #StockTrading #ShortSetup #RisingWedge #TechnicalAnalysis #TradingPlan #RiskReward
🔹 Asset: Amkor Technology, Inc. (AMKR – NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Wedge Breakdown + Retest Rejection
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $14.90 (Confirmed Breakdown)
✅ Stop-Loss (SL): Above $15.74 (White resistance zone)
🎯 Take Profit Targets:
📌 TP1: $14.00 (psychological level + previous support)
📌 TP2: $13.69 (breakdown structure)
📌 TP3: $12.48 (major support level)
📐 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$15.74 - $14.90 = $0.84 risk per share
📈 Reward to TP2:
$14.90 - $13.69 = $1.21 → R/R = 1:1.44
📈 Reward to TP3:
$14.90 - $12.48 = $2.42 → R/R = 1:2.88
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Bearish structure broken with weak bounce back
📌 Trendline Retest Rejected: Price failed to reclaim wedge support
📌 Bearish Volume Confirmation: No strong buying after breakdown
📌 Downside Open: Clear path toward lower support levels
📉 Trade Execution & Risk Management
📊 Entry Confirmation: Weak price action below $14.90
📉 Trailing Stop Strategy: Move SL to breakeven after TP1 hits
💰 Partial Profit Booking:
✔ Book 50% profits at $13.69
✔ Let rest ride to $12.48
✔ Adjust SL to entry after TP1
⚠️ Setup Invalidation
❌ Price reclaims and closes above $15.74
❌ Strong bullish reversal candle with high volume
❌ Sustained consolidation above yellow zone
🚨 Final Thoughts
✔ Clean bearish wedge pattern with trendline break
✔ Ideal for momentum traders seeking continuation plays
✔ Excellent R/R for disciplined risk managers
💡 Stick to the setup, don’t chase, manage your trade like a pro.
🔗 #AMKR #NASDAQ #BearishSetup #ProfittoPath #StockTrading #ShortSetup #RisingWedge #TechnicalAnalysis #TradingPlan #RiskReward
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.